My idea to buy the stock is for only investment and not for trading purpose. Invest only if you can hold the stock for a minimum period of 3-5 years.
As far as fundamentals are concerned Interglobe Aviation have strong fundamentals as it is the market leader in Aviation sector.
Good news will follow when aviation fuel come under the GST regime.
While indicator shows that the stock is oversold and pattern plus pattern has already been created a sharp upside in the short term is expected and will continue to rise in long term with consolidation in between.
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